Spinnaker Trust Has $1.10 Million Position in Chubb Limited $CB

Spinnaker Trust increased its stake in shares of Chubb Limited (NYSE:CB) by 12.1% during the second quarter, HoldingsChannel reports. The fund owned 3,792 shares of the financial services provider’s stock after acquiring an additional 410 shares during the quarter. Spinnaker Trust’s holdings in Chubb were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CB. GQG Partners LLC increased its stake in Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. Nuveen LLC acquired a new position in shares of Chubb in the 1st quarter worth approximately $562,221,000. Ameriprise Financial Inc. boosted its holdings in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Chubb by 79.0% in the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after buying an additional 231,404 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Citigroup upped their price objective on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. UBS Group increased their target price on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $307.58.

Chubb Trading Up 0.8%

Shares of CB stock opened at $277.87 on Thursday. The firm has a 50 day moving average price of $277.82 and a two-hundred day moving average price of $280.77. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $109.35 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $5.72 earnings per share. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.